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GPN

Global Payments

$147.97

-2.64 (-1.75%)

, TSS

TSYS

$99.61

-1.62 (-1.60%)

08:20
05/24/19
05/24
08:20
05/24/19
08:20

Global Payments / TSYS combination makes strategic sense, says SunTrust

SunTrust analyst Andrew Jeffrey keeps his Buy rating and $175 price target on Global Payments (GPN) after last night's Bloomberg report that the company is considering a possible merger of a joint venture arrangement with Total Systems (TSS). The analyst contends that the combination makes strategic sense in the "consolidating Payments industry" and would result in significant cost synergies. Jeffrey notes that Global Payments is his favorite merchant processor given its "leading global solutions, vertical software, and strong incremental margin", adding he would buying "aggressively" on this news.

GPN

Global Payments

$147.97

-2.64 (-1.75%)

TSS

TSYS

$99.61

-1.62 (-1.60%)

  • 03

    Jun

  • 05

    Jun

  • 13

    Nov

GPN Global Payments
$147.97

-2.64 (-1.75%)

05/03/19
RHCO
05/03/19
NO CHANGE
Target $175
RHCO
Buy
Global Payments price target raised to $175 from $155 at SunTrust
SunTrust analyst Andrew Jeffrey raised his price target on Global Payments to $175 and kept his Buy rating after its Q1 earnings beat and raised FY19 guidance, saying the company's profile as a "hybrid of legacy processor and next-gen software provider" in payments is more durable and less cyclical. Jeffrey is also positive on Global Payments taking aim at the hospitality vertical by targeting restaurants and believes that its improving sales mix will offer flexibility for greater internal investment and M&A.
05/06/19
JPMS
05/06/19
NO CHANGE
Target $151
JPMS
Overweight
Global Payments price target raised to $151 from $140 at JPMorgan
JPMorgan analyst Tien-tsin Huang raised his price target for Global Payments to $151 from $140 saying the company reported "strong and stable" results in Q1. He keeps an Overweight rating on the shares.
05/07/19
SUSQ
05/07/19
UPGRADE
SUSQ
Positive
Global Payments upgraded to Positive from Neutral at Susquehanna
05/10/19
NOMU
05/10/19
NO CHANGE
Target $105
NOMU
Neutral
Global Payments price target raised to $105 from $94 at Nomura Instinet
Nomura Instinet analyst Dan Dolev raised his price target for Global Payments to $105 from $94 following the company's Q1 results but keeps a Reduce rating on the shares. At face value, Global Payments' organic growth in North America accelerated, Dolev tells investors in a research note. However, the analyst says he's at odds with the "puzzling discrepancy between dull network fees growth (+3%) and faster core sales growth (+9%)."
TSS TSYS
$99.61

-1.62 (-1.60%)

04/17/19
GSCO
04/17/19
UPGRADE
Target $115
GSCO
Buy
TSYS upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs analyst James Schneider upgraded TSYS to Buy from Neutral and raised his price target for the shares to $115 from $98. The company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration, Schneider tells investors in a research note. As a result, the analyst expects TSYS' valuation discount relative to peers to narrow.
04/17/19
04/17/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Qualcomm (QCOM) upgraded to Overweight from Neutral at JPMorgan and to Outperform from In Line at Evercore ISI. 2. Domino's Pizza (DPZ) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst John Glass saying he thinks the stock's current price reflects 2-3% blended global same store sales growth over the next two years, which he views as too bearish based on its track record as a "best in class operator." 3. TSYS (TSS) upgraded to Buy from Neutral at Goldman Sachs with analyst James Schneider saying the company's new portfolios are driving revenue growth while improving margin expansion is driving earnings acceleration. 4. Omnicom (OMC) upgraded to Equal Weight from Underweight at Barclays. 5. Jones Lang LaSalle (JLL) upgraded to Outperform from Market Perform at Keefe Bruyette with analyst Jade Rahmani saying she sees an attractive entry point following the recent underperformance of the shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/24/19
SPHN
04/24/19
NO CHANGE
Target $108
SPHN
Overweight
TSYS pullback on earnings a buying opportunity, says Stephens
Stephens analyst Brett Huff said he was surprised by the revenue miss reported by TSYS (TSS) given generally strong trends year-to-date, but he views any post-earnings pullback as a buying opportunity as he thinks the headwinds that impacted the quarter are temporary. Additionally, he still considers TSYS the "least expensive high-quality payment asset" and believes that "at some point" FIS/Worldpay will be a suitor. He reiterates an Overweight rating on TSYS shares and raised his price target on the stock to $108 from $104.
04/24/19
KEYB
04/24/19
NO CHANGE
Target $106
KEYB
Overweight
TSYS price target raised to $106 from $95 at KeyBanc
KeyBanc analyst Josh Beck raised his price target for TSYS to $106 from $95 following quarterly results. The analyst believes budding initiatives like a broader mPOS push, consumer innovation, and issuer pipeline could translate into upside. He reiterates an Overweight rating on the shares and sees an attractive valuation relative to peers.

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ADSK

Autodesk

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CMG

Chipotle

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YUM

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ZEN

Zendesk

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CMCM

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BCO

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FLXN

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